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ADFA reports positive cash flow year; proceeds used to pay down line of credit
AGRICULTURE, FORESTRY & ECONOMIC DEVELOPMENT - SENATE · December 17, 2019
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Summary
Brian Scoggins presented the annual ADFA report, saying portfolio-company exits generated positive cash flow that was primarily used to pay down the fund's supporting line of credit; no committee questions were recorded.
The Senate Agriculture, Forestry & Economic Development committee heard the Arkansas Development Finance Authority (ADFA) annual report from Brian Scoggins, who characterized the year as…
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